Home Appraisal and Sales: Define Bedroom - 08/31/07 12:13 PM
In Las Vegas, a question that common arises to real estate agents is how many bedrooms a house really has. Often a space is classified a den or an office. It may just be a room. However, when listing a house the typical guidelines is the room should have two exits … (0 comments)
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Fatmouthnews.com - Cross Marketing for Real Estate Agents - 08/31/07 11:27 AM
An article in Realtor Magazine featured Steve Saunders. He started a company, www.fatmouthnews.com/, that sends out e-newsletters to specified email lists when a group of local businesses want to split marketing costs and get out to a broad market.The concepts seems simple and fairly inexpensive. Has anyone used the service? If … (3 comments)
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Home Investors Invite a Down Market - 08/31/07 11:15 AM
Realtor Magazine published an article claiming a down market is a great time for investors to get in the game. It almost seems obvious, right? Buy low, sell high. However, many people become fearful during a down market. And, they become greedy during a strong market. What ends up happening is … (0 comments)
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FIBA Plays in Las Vegas - 08/29/07 04:41 PM
The US is ranked number 1 in the International Basketball Federation, FIBA or 'Fédération Internationale de Basketball Amateur' in French. They are playing in Las Vegas. Kobe, James, Stoudemire, Anthony, among other superstars have been showing their stuff on the court as they stand in the quarter final round. If you … (0 comments)
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Las Vegas Warmington Homes Celebrates Decade - 08/29/07 04:07 PM
Las Vegas new home builders have been very successful in the valley in recent years. Many have grown a great deal. Some have merged or been bought out.A decade ago the Warmington Group established Warmington Homes Nevada. Since, they have built some 2,000 homes. In the past, Warmington was know for … (0 comments)
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Las Vegas Sullivan Square Wins Award - 08/28/07 05:31 PM
Sullivan Square, a new home developer in southwest Las Vegas, won the award for Best Overall Model Home. They were selected by the public and were recognized by the state-wide real estate community.They have established a great image for their products and communities. A visit to their showroom provides a view … (2 comments)
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Las Vegas Named #1 Adventure City - 08/28/07 05:21 PM
Las Vegas is the world's entertainment capital. If you want an adventure, Las Vegas is the place. Residents are moving to the valley in droves. Besides a strong job market and great living adventurous activities and outings are plentiful. Whether people enjoy clubbing, dancering (of any sort), sports, gaming, etc. there … (2 comments)
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US Wins Little League World Series - 08/27/07 12:32 PM
As a Little League coach in Las Vegas it was exciting to hear about the US Little League World Series win this weekend. Warner Robbins, Ga. came back from an early deficit to beat Tokyo with a walk-off homerun. From the sounds of the report the event was quite emotional and … (0 comments)
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Advanced Technology Enhances $100 Bill - 08/27/07 12:18 PM
We have talked frequently on our real estate blogs about how technology has enhanced our businesses. Other industries are finding new handy technology. Counterfeiting has become a considerable threat to the US currency system.Yahoo reported that the $100 bill is set to undergo a change in appearance and security. Tiny lenses … (0 comments)
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Share of Online Searches - June and July - 08/27/07 12:01 PM
Most Realtors have a website or two. Every one of them wants to know how it's doing. Well, certain search engines produce much better results for a site than others. Here are some recent graphs on how search engines have performed in recent months. Each search engine uses its own algorithm … (2 comments)
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New Home Sales Rise - 08/24/07 12:25 PM
According to several news sources, new home sales increased in July. The rise was minimal but it was a significant indicator that the housing market still has life in it. Markets are typically driven by greed and fear. The stock market recently plunged because of the fear of some. However, the … (0 comments)
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Taking Advantage of Home Builder Incentives - 08/23/07 11:11 AM
Home builders in Las Vegas have resorted to giving huge incentives to unload home inventory. National reports show builders in many parts of the country are throwing in pools, closing costs, and other perks to move the properties. However, there can be danger in accepting such incentives.When a builder holds a … (3 comments)
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Speeding Ticket Myths - Getting Out of a Ticket - 08/23/07 10:52 AM
We hear all the time that we can get out of speeding tickets for all sorts of reasons. Well, here are some resources to confirm or deny those myths.8 Top Traffic Ticket Myths http://www.dmv.org/traffic-tickets.phpAnd if you live in Nevada here are some other resources.http://www.co.clark.nv.us/ClarkCountyCourts/index.html http://www.trafficschoolinnevada.com/Resources for other helpful items.http://www.hildrethhome.com/lasvegasinformation/lasvegascommunitylinks.phpSeems like the … (1 comments)
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Las Vegas Sellers' Real Property Disclosure - 08/22/07 12:09 PM
In Las Vegas, sellers are required to disclose details about the property they are selling. The requirement is found in the Nevada Revised Statutes. All sellers must fill out the form and deliver it to the buyer at least 10 days prior to the closing. As outlined by the Southern Nevada's … (0 comments)
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Realtor Headshot Mosaic - 08/22/07 11:51 AM
Calling all Realtors: The NAR is celebrating its 100th year. They are building a digital mosaic of member headshots. They hope to gather as many pictures as possible. Go to http://www.thefaceofrealestate.com/ and add your picture. The instructions and requirements are there. It is easy to do.
If anyone happens to notice when … (3 comments)
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Housing Market - A Professional's Market - 08/22/07 11:31 AM
The National Association of Realtors expects its membership to decline for the first time in nearly a decade. The struggling housing market has caught part timers and agents with little experience off guard. The expenses to remain a Realtor are greater than the returns for many. It is a professional's market. … (1 comments)
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Las Vegas Housing: Employer Assisted Housing Program - 08/20/07 03:32 PM
The Las Vegas housing market has seen some amazing times as it has set records in sales and appreciation. One issue has accompanied the increase in home values. Current potential buyers struggle to purchase. The GLVAR, the association of Realtors for Las Vegas, has put together a program to help employees … (1 comments)
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Foreclosure Purchase Guidelines - 08/20/07 03:20 PM
Las Vegas has seen its fair share of foreclosures in the recent past. Astute investors score big if they know what they are looking for and if they are patient. An article on News 3 in Las Vegas suggested some guidelines for investors looking to make a purchase at the court … (0 comments)
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What if My Mortgage Company Goes Bankrupt? - 08/20/07 02:59 PM
Several lending companies have gone under. So what happens to those loans? According to MSNBC, mortgages (the contract between the lender and the payer) are the only assets a lender has. They have a few options if they become unviable: they can seek more capital to stay afloat, it can sell … (0 comments)
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Helping Children Adjust for Back-to-School Schedule - 08/20/07 01:41 PM
For many, August 29th marks the start of the 07-08 school year in Las Vegas. Many habits have been formed throughout the summer and some of them are not conducive to sitting through school. Yahoo! posted an article with guidelines on helping children get back on track with their sleep schedules. … (0 comments)
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Housing Starts and Permits Statistics - 08/17/07 01:13 PM
Many are curious about current construction efforts. Starts are down but it doesn't appear they will remain that way. We are in an interesting time when the news is escalating issues within the housing market. The causes are explained in several ways: example 1 and example 2.Where is the future of … (0 comments)
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In the News: Country Wide Taps Huge Credit Line to Stay Liquid - 08/16/07 11:41 AM
Yahoo! reported that Countrywide drew on an $11.5 billion credit line to aid in its liquidity.
"The fact Countrywide did this shows how disrupted capital markets have become," said Christopher Wolfe, managing director at Fitch Ratings, which downgraded Countrywide's debt ratings. "It may force Countrywide to reduce lending and migrate toward safer … (2 comments)
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20 Things that Change the Value of Your Home - For Positive or Negative - 08/16/07 11:30 AM
Yahoo! recently posted an article on the topic of home improvement potential. Surprisingly, some improvements actually decrease your home's value. Yahoo! suggested these as things to do to increase the value:1. An updated kitchen2. Modern bathrooms3. A well-appointed master suite4. Natural materials5. Curb appeal6. A light, airy spacious feel7. Good windows8. … (1 comments)
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Clear Play a Great DVD Player Choice - 08/15/07 11:46 AM
OK, in order to make this real estate related because my blogs are realty themed, I am going to go at this from the stand point of a home owner. :)Like many, we try to be responsible parents so our kids will be productive citizens. Well, we found a way to … (0 comments)
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Mark Cuban on the Real Estate Industry - Taking a Home Public - 08/15/07 11:27 AM
Whether or not you like Mark Cuban he has made some savvy business decisions over the years. His blog has become a widely read forum. He recently proposed an idea to help home owners heading toward foreclosure. I'm interested in what you think.Generally, he suggest taking a home public by allowing … (3 comments)
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Many Investors Hit Hardest by Mortgage Issues - Do the Research First - 08/15/07 11:16 AM
As many know, Las Vegas has seen more than its fair share of foreclosures and taken a wrap for the outcome of the mortgage industry. More and more sources are suggesting that investors are taking the hardest hit by the adjustment in the market. When the boom of 2003 occurred a … (2 comments)
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Coyote Springs (New Town North of Las Vegas) Introduces Website - 08/13/07 02:24 PM
Coyote Springs is a new town/community some 50 miles north of Las Vegas on I-93. Hundreds of homes are scheduled to be built around golf courses, parks, and other great community features. The homes are scheduled to be on sale in 2008.The investment group recently released their new website (skip the … (0 comments)
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Don't Get Duped by Moving Scam - 08/13/07 02:09 PM
A recent story in the news depicted a family who hired a moving company to relocate to Las Vegas. They driver came to gather all of their belongings and instead of delivering them to the new home he put them in a storage facility. He kept the money intended to pay … (1 comments)
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New Homes and Fire Sprinklers - 08/13/07 01:42 PM
In an attempt to make homes safer, some builders are giving the option of fire sprinklers in a residential residence. Recently, the delegates to the International Code Council voted down a proposal to require fire sprinklers in new construction.As technology expectations in homes improves there will likely be a day when … (0 comments)
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Green Home Construction Up 50% - 08/13/07 01:34 PM
Realtor Magazine reported that the construction of green homes is up 50%. Using "green techniques" to build a home mean the builder minimizes waste and emphasizes the use of sustainable materials, among other factors.With as many homes as are built annually it's good to keep a conservationalist mentality. Several builders in … (0 comments)
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Moving Tips and Challenges - 08/09/07 10:53 AM
Moving can be a daunting experience. How often do you think after a move, "On the next move I am hiring a company to do it!" It's a lot of work. However there are some tips to keep in mind when packing, moving, and re-establishing. Here are a couple of articles … (0 comments)
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Mt. Charleston Get Away - 08/09/07 10:29 AM
Mt. charleston is only 30-60 minutes from Las Vegas, depending on which community you live in. The roads to get there are paved and there is plenty of signage to help visitors make their way around. There are 2 well known canyons: Kyle Canyon and Lee Canyon. They are connected by … (0 comments)
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Selling a Home? Disclose, Disclose, Disclose - 08/08/07 06:25 PM
Home sellers become much safer from potential litigation and headaches by disclosing any issues or items with a home during the due diligence period or any period for that matter. When a home owner puts his/her house on the market they should take special time on and documentation the real estate … (1 comments)
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Life Style: Getting Married in Las Vegas - 08/08/07 06:10 PM
Las Vegas communities offer great amenities. A feature that may be overlooked, because of the famous chapels on the Strip, is the wedding settings. Whether it be on a golf course in Aliante or a golf club in Summerlin, there are amazing facilities and scenes for a couple to get married … (0 comments)
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Are Home Builders Responsible for Home Lending Strife? - 08/07/07 05:55 PM
There are stories out there about home builder mortgage companies. We had a client who emotionally settled into a house here in the Las Vegas valley. It was a great deal for them but they had one problem: they didn't quite qualify for the loan they needed and didn't want to … (1 comments)
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Tighter Lending Policy to Put Choke Hold On Economy - 08/07/07 05:34 PM
Articles we've read and lenders we are talking to are commonly suggesting loan troubles have just begun. Many programs have been removed from the lending table because in many cases the funds have been stretched thin. Mortgage companies have had to file for bankruptcy protection and many are closing offices to … (1 comments)
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Zero-Down Loans Disappearing - 08/06/07 12:32 PM
Financing has become hard to come by. Lenders are tightening their programs almost to the point of prohibiting any buyer without a significant down payment to purchase a home. Zero-down loan programs are nearly inpossible to find according to several Las Vegas lenders. There is very little secondary market for the … (2 comments)
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Las Vegas Market Watch (2007 July Month End) - 08/06/07 12:16 PM
Summary: Number of homes sold is down, buyer's market continues to heat up. Listings inch up.Las Vegas Listings: (view chart)Listing numbers grew in July adding to the pressure on sellers. Home buyers have been waiting for their prime opportunity to jump into a home.Las Vegas Market Strength: (view chart)The number of … (0 comments)
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Congrats to Baseball Greats: A-Rod, Bonds, Glavine - 08/06/07 12:03 PM
The great thing about blogging is that you can write about what you want when you want. Today's tribute goes out to some baseball greats: A-Rod, Bonds, Glavine. I plan to look at the positive feats these three have accomplished, although there is plenty to complain about.Ignoring a strong personality and … (0 comments)
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Gun Shooting Areas in Las Vegas - 08/06/07 11:40 AM
For those who enjoy target practice with their fire arms in Las Vegas there are several options for safe shooting. Several gun ranges, both private clubs and public ranges, are around. I recently went out to a very well used gully north of Las Vegas on the I-95. There were other … (0 comments)
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Deficient Bridges in Nevada - 08/04/07 01:28 PM
The bridge incident in Minneapolis has stirred up plenty of buzz in other states. MSNBC reported on the general status of bridges on a per state bases. As a resident of Nevada I was particularly concerned about bridges here: http://www.msnbc.msn.com/id/20099097I have seen articles suggesting that Las Vegas has well engineered bridges … (3 comments)
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Immigration Factors Affect Housing - 08/02/07 02:19 PM
MSNBC resently wrote an article regarding the immigration impact on the national housing market. It affects Las Vegas housing considerably. Some reports have suggested that 1 in 6 home buyers is latin and a considerable number from other countries are calling the valley their home.The MSNBC article suggested significant impact:
"As many … (2 comments)
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Rock Climbing in Red Rock Area Las Vegas - 08/02/07 01:13 PM
The Red Rock area in Las Vegas has world renown rock climbs. Besides being one of the more beautiful features of the valley, it draws some 1 million visitors per year. Some of these visitors come to enjoy the red colored sandstone rocks.The area is located just west of the Summerlin … (0 comments)
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Stave Off Foreclosure - 08/01/07 08:00 PM
Recently Las Vegas was reported as one of the highest rates of foreclosure. I talked to a guy who was going to be late on a payment and thought he was going to be thrown out so he just walked away from the home. I'm thinking, "What!?!?" I told him to … (2 comments)
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Las Vegas Home Market Recovery - 08/01/07 02:53 PM
The drastic growth in housing inventory in Las Vegas has caused prices to dip some. Surprizingly, home prices have remained resilient compared to other markets in the US. The good news is that the Las Vegas market shows strong signs of recovery in the near future. A local representative of First … (2 comments)
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Housing Market Affects Automotive Market, Among Others - 08/01/07 02:36 PM
A teammate recently bumped into an automotive industry professional here in Las Vegas who claimed the housing market was drastically affecting their business. An article in MSNBC confirmed that claim. Auto sales, among other industries, are heavily impacted by the slower construction and resale markets.This associate we know mentioned that auto … (2 comments)
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